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Apple Inc. said it’s reached an agreement that potentially settles its 2022 lawsuit accusing startup Rivos Inc. of poaching engineers to steal trade secrets. In a joint court filing Friday, the companies told a judge they’re aiming to finalize an … Source: Claims Journal

Amazon.com Inc. allegedly retaliated against three female employees — including firing one and placing another on a performance plan — after they sued the company for discrimination, the plaintiffs said in new court papers. In an amended complaint filed Friday, … Source: Claims Journal

The economic losses from the latest round of California storms will be significant, with many of these losses may not be insured because only 2% of California residents have purchased flood insurance, David Blades, associate director, industry research and analytics, … Source: Claims Journal

Multiple UK insurance companies have agreed to stop selling policies that cover declining car values after the Financial Conduct Authority raised concerns about customer fairness. Insurers that account for 80% of the guaranteed asset protection market have agreed to halt … Source: Claims Journal

One-in-five respondents said they had at least considered committing insurance fraud, with half of those saying that they had gone through with their plans, while 30% of respondents said knew someone who’d at least considered committing insurance fraud. Nearly half … Source: Claims Journal

Subrogation professionals, like lawyers, must be constantly vigilant for deadlines, statutes of limitations, statutes of repose, and notice timelines set forth by the laws of the 50 states. Likewise, it is important to know and understand the differences between statutes … Source: Claims Journal

A Texas public adjuster committed willful infringement when he formed a corporation and a limited liability company with the names “Certain Underwriters at Lloyds London, Inc.” and “Certain Underwriters of Lloyds London,” a U.S. district court ruled on Feb. 7. … Source: Claims Journal

Consumers reported losing more than $10 billion to fraud in 2023, marking the first time that fraud losses have reached that benchmark, and a 14% increase over reported losses in 2022, Newly released Federal Trade Commission data shows. Consumers reported … Source: Claims Journal

RENFROE named Roy Stubbs chief technology officer. Stubbs previously served as the director of engineering. He has more than 25 years of experience in complex solutions implementation and software architecture with fintech and insurance clients. Before joining RENFROE, he was … Source: Claims Journal

A Connecticut judge has tossed a lawsuit by the estate of a woman who was killed in a crash while driving intoxicated following a mandatory wine tasting at the restaurant that employed her. The estate brought claims of common law … Source: Claims Journal